Jonathan Hayward said granting firms a limit on their liability would be met by objection over the idea that ‘auditors profits go up while their responsibility to investors goes down’.
But, he said in a letter to the Financial Times, it need not be a ‘zero sum game’.
‘The government should allow auditors the lower liability in return for audit reports that actually communicate something useful.’
Two new audit partners have been appointed at the firm BDO in its audit practice following continued growth and investment
Investment in people, tech and businesses impacts on EY's profit per partner figure
If businesses do not take cyber security seriously in their business planning regulators may do it for them, the ICAEW has warned
Dr Richard Willis provides a several thousand-year history lesson of the profession, from origin to modern-day